HSIIDC- Corporate Profile

In the pursuit of prosperity in Haryana, pioneering role has been played by the Haryana State Industrial Development Corporation Limited (HSIIDC). One of the leading contributors to the well being and progress of the State, HSIIDC has been instrumental in bringing about a major change in the people of Haryana over the years. The pioneering zeal of HSIIDC has facilitated the transformation of Haryana from a primarily agrarian society to one of the most highly industrialized States of modern India.

Established in 1967, HSIIDC is a Public Limited Company wholly owned by the Government of Haryana, set up as a catalyst for promoting and accelerating the pace of industrialisation in the State. The corporation provides a wide spectrnum of financial services under one roof- the concept being "Total Financial Support" for its clientele. Being an intrinsicallycustomer - oriented organization, HSIIDC has often gone beyond the call of duty in helping to give concrete shape to the destiny and vision of thousands of entrepreneurs . It has generally taken on the role of a trusted friend and guide, providing crucial support and most important of all, created an environment where nascent projects are able to attain their function and become vibrant industries.

As a result Haryana produces the largest number of tractors, motorcycles, refrigerators and G.I. pipes in the country. About 25% of India's total sanitaryware is manufactured here. And one of every four bicycles bears the stamp of Haryana's factories. Haryana's index of industrial production is far above the all India average. Many large units like National Fertilizers, Hindustan Machine Tools, Bharat Electronics and others have a stake in the State. In addition, well-known private sector groups such as Escorts, Hero Honda, Maruti and Kelvinator, among others, have a very noticeable presence.

Mission and Objectives of HSIIDC 

HSIIDC was setup in 1967 for promoting medium and large scale industries so as to ensure balanced regional development of Haryana, by acting as an institutional entrepreneur and a financial institution. HSIIDC serves as the single most important platform for providing services in the following areas:- 

• Providing financial assistance by way of term loans,equipment re-finance/equipment leasing and working capital. Infrastructural development in the State of Haryana. Performing Agency functions on behalf of the State Government/ IDBI/SIDBI
  
• Performing Agency functions for entrepreneurs and established industries for enhancement of capacity/modernisation.

HSIIDC Quality Policy

Accepting Quality as a major competitive factor and striving for customer satisfaction is the ever evolving guiding philosophy of HSIIDC which spells: 

• High Productivity
• Success
• Innovation
• Dynamism
• Commitment

This is achieved by overcoming resistance to winds of charge and working as a team as per transparent systems designed for prompt delivery of our services and observing financial discipline.

ISO 9001:2000 Certification 

In keeping with the Quality Policy of HSIIDC, the organisation has become the first State Level Financial Institution in India to be certified as an ISO-9001:2000 company.

Trail of Achievements

The Authorised capital of HSIIDC is Rs.75 Crore. HSIIDC's has earned an income of Rs. 3557 lakh and ovetime high profit before tax amounting to Rs.1798 lakh in financial year 2004-05. From Rs. 5075 lakh in 1994-95 to Rs. 14280 lakh in 2004-2005, HSIIDC's net worth has increased many times over, reflecting its growth-oriented philosophy. 64 projects have been successfully set up in the Public/Joint/Assisted sectors, with an equity participation of Rs.38.88 crore, catalyzing an investment of Rs. 795.25 crore, in the State of Haryana. HSIIDC has so far sanctioned loans aggregating Rs.1293 Crore to 1055 proposals upto 31.03.2005. 39 industrial estates have been developed epitomizing HSIIDC's commitment to galvanize industrialization. 66360 jobs have been created through HSIIDC-assisted projects. The State Government has declared HSIIDC as the Nodal Agency for development of Industrial Infrastructure in the State of Haryana. HSIIDC has also been declared by the Haryana Government as the implementing agency for the development of Kundli-Manesar-Palwal Expressway in the State of Haryana.

People - The Prime Asset

HSIIDC is an organization with a difference - "service oriented" and progressive in outlook, where the emphasis is on people - both outside - the customers - and inside the organisation - the staff members. HSIIDC recognizes the importance of its cardinal assets---- " the Human Resources." Today, HSIIDC is a well-knit team of highly experienced financial experts, engineers, professionals, administrators and technicians, HSIIDC comprises of very dedicated personnel, all of whom thrive on teamwork and a cohesive work spirit.  HSIIDC has evolved into a unique service organisation where the top management supports the entire structure, which is very much in touch with grass-root level operations. The middle management is supported by the top management who in-turn support and guide the entire front line staff.  HSIIDC's corporate headquarters are situated in Panchkula with branch offices in New Delhi, Manesar, Hisar, Gurgaon and Faridabad. It has field offices at Gurgaon, Faridabad, Kundli, Kalka, Ambala, Saha, Bawal, Manakpur, Karnal, Jind, Tohana, Murthal, Sonepat, Barwala, Manesar and Sirsa.